Stock Rating Downgrade
The Value Trend Rating for Energy Transfer LP (NYSE: ET) weakened of late from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Energy Transfer LP (NYSE: ET) stock closed at $15.66 on 8/9/24 after a decline of -3.6%. Moreover, exceptionally high trading volume at 224% of normal accompanied the decline. The stock has declined -3.3% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ET is expected to continue to be a major Value Builder.
Energy Transfer has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Energy Transfer has a neutral Appreciation Score of 49 but a good Power Rating of 72, triggering the High Neutral Value Trend Rating.
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